Personal loan is an amount of money
borrowed from a bank or other lender by an individual.

Personal loans are issued only with the following conditions

For salaried &
self employed individuals.

Repayment tenures
from 12 - 60 months.

No Security, Collateral
or Guarantors required.

Loans can be used
for any purpose with no questions asked regarding the end use of
the loan.

A balance transfer
facility available for those who want to retire any higher debt.
All loan repayments are done via equated monthly instalments (EMI).

Eligibility
for Personal loan are

Age should be 25yrs
- 58yrs.

Net Annual income should
be above Rs.90,000 p.a

Should have one year
working experience.

Documents to be
produced for Pesonal loans are

Last 3 months bank
statement where salary is credited

Proof of Turnover (Service
tax returns)

Proof of present job
(Company's appointment letter)

Proof of identity (ration
card , PAN or passport)

Proof of residence
(ration card)

Proof of educational
qualification ( original degree certificate)

Processing fee of some
amount of the loan amount is applicable. Prepayment of the loan is possible
after 6 months of availing the loan. Foreclosure charges as applicable
would be levied on the outstanding loan. Part pre-payment is not allowed.
No other fees or commitment charges are levied. Loans
are approved within 3 days after the submission of documents.